SCE-Facilitated Meter Financing Option
Obtain SCE-faciliated financing for purchases over $1,000.
Are you considering installing an interval meter to participate in the open electricity market? Do you need an interval meter to gather valuable information about your energy usage or to participate in SCE programs such as SCE EnergyManager®?
To enable qualifying business customers to pay for their interval meter on a monthly payment plan rather than incurring the entire cost up-front, SCE facilitates meter financing through Aetna Capital Company. The Meter Financing Option enables businesses to preserve cash and lines of credit for other investments or unexpected operating expenses.
The Meter Financing Option is available to business customers whether they purchase electricity from SCE or an electric service provider (ESP). The financing covers the cost of selected metering equipment, installation costs, and required phone lines.
About the Meter Financing Option
The Meter Financing Option is a finance lease where the finance company owns the equipment during the term of the lease. At the end of the lease term, the ownership of the equipment converts to the customer for $1. The customer can add new equipment to the master lease agreement by signing a lease schedule (as opposed to an entirely new lease).
The financing rate depends on the length of the term, the amount of the purchase, and the company's credit history. Financing terms of 12 to 60 months are available. SCE offers various interval meter. Ask your SCE representative for help determining monthly payments that will meet the financial requirements of your business.
Monthly charges for maintenance and meter reading may apply.
How To Participate
Once you've chosen a package, contact your SCE representative at 1-800-799-4723 to arrange to complete and sign a SCE Meter Financing Program, AETNA Capital Credit Application.
After your credit has been approved, you will be asked to sign and return a Cover Letter, Master Lease Agreement, Lease Schedule, and Delivery and Acceptance Letter.